Turnkey Commercial laundry Facility for sale or lease In myrtle Beach

Horry County, SC

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Asking Price: Get Financing: $1,200,000

Cash Flow: $210,000

Gross Revenue: $1,700,000

EBITDA: $275,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2011

Turnkey Commercial laundry Facility for sale or lease In myrtle Beach

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Business Description

Turnkey Commercial laundry Facility for sale

Great opportunity to start new commercial Laundry or expand existing operation in to Grand strand Carolina area (Myrtle beach, North Myrtle Beach, Surfside) This facility is for sale or for lease with full laundry processing equipment up to 3,000 pounds per hour with 4 box delivery trucks.

Full-service commercial laundry facility served established in Loris / Myrtle Beach/ North Myrtle beach area. The laundry provided pick up, washing, drying, ironing, folding and delivery. The diverse customer base gave this commercial laundry a stable, consistent work load and cash flow. It employed 40 full-time and 20 part-time employees working seven days per week. The laundry served businesses in the hospitality industry such as hotels and timeshare properties. 

The laundry has capacity up to 3,000 pounds per hour. Customers owned their own linens and only paid for what they actually use. This is a more cost-effective method than traditional commercial laundry services.

Hotel and timeshare clients stay almost above 90 percent occupied year round, serving over 15 million tourists, and in competition to fill the room only lack of quality currently exists in the market is not having enough commercial laundries to process and deliver crisped ironed linen in timely manner. An opportunity like this one doesn’t come along very often.

The potential buyer or lessee may be looking to relocate to the Carolina and purchase or lease an Turnkey operation or may already be in the commercial laundry business and is looking to expand their territory coverage. 

Currently facility just has been paused due to the partner’s disputes. Client were served notice of termination. Recovering the lost business is and extremely easy since there is a lack of facilities vs over all poundage need to be processed and poor service provided by the competitions.

Owner will provide key resources to gain the business back and add additional business. This is truly a turn-key, - business looking for a new owner operator to take it to the next level.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
20,000
Facilities:
Equipment in great condition with up t 3000 pounds per hour capacity, 3 ironing lines, Four 26 foot box trucks for delivery
Competition:
Hotel and timeshare clients stay almost above 90 percent occupied year round, serving over 15 million tourists, and in competition to fill the room only lack of quality currently exists in the market is not having enough commercial laundries to process and deliver crisped ironed linen in timely manner. An opportunity like this one doesn’t come along very often.
Growth & Expansion:
Tremendous growth, since the Myrtle beach area has been one of the fastest growing area.
Support & Training:
During the transition
Reason for Selling:
Partners Disputes
Business Website:
http://www.premiermb.org
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Business Listed By:
Raja Younas

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